LNG exports will keep floor under US natural gas prices: Moody’s

Growing exports of US LNG will help prop up domestic natural gas prices despite surging production that has created a years-long glut, according to a report from Moody’s. Analysts at the credit rating agency said global demand for US LNG will not be enough to force US gas prices beyond the agency’s projected range of $2.50/MMBtu to $3.50/MMBtu for the foreseeable future. But the LNG demand will be sufficient to prevent gas prices from dropping below that as gas production continues to increase, Moody’s said. “Even with a rapidly growing US export market, we see ample supply available for export without pushing prices above the range-bound territory where prices appear mired today,” Moody’s said. […]